Option Millionaires

[retiredMM]

Wish

I have been too jammed at work to trade for the past couple of weeks. The market is stuck in a narrow range. I agree with your sentiment but as long as there is no other place to get returns money will keep coming into equities. I said that I thought we would see a 5-7% move up in SPY but I thought we would have a 7-10% drop 1st which we didn't get. We are getting close to the upper end of my target where I do think we will get a decent pullback.

If emerging markets and Europe start to settle and show signs of recovery (it actually has started) you will see a lot of foreign money leaving US equities and go there. That is when you will see the pullback IMO.